Forsta AP Fonden Purchases 4,200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Forsta AP Fonden increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,200 shares of the company's stock after buying an additional 4,200 shares during the quarter. Forsta AP Fonden's holdings in MongoDB were worth $4,703,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Hilltop National Bank raised its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. Quarry LP raised its holdings in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after buying an additional 129 shares during the period. Brooklyn Investment Group purchased a new stake in MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC increased its position in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after acquiring an additional 93 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now owns 217,294 shares of the company's stock, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,491 shares of company stock valued at $11,554,190. 3.60% of the stock is currently owned by insiders.

MongoDB Trading Up 0.8 %

NASDAQ MDB traded up $2.25 on Friday, hitting $273.32. 1,553,010 shares of the company were exchanged, compared to its average volume of 1,458,771. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a 50 day moving average of $272.39 and a two-hundred day moving average of $269.78. The company has a market cap of $20.35 billion, a P/E ratio of -99.75 and a beta of 1.25.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the business earned $0.96 earnings per share. MongoDB's quarterly revenue was up 22.3% on a year-over-year basis. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on MDB shares. Wedbush raised MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Oppenheimer upped their target price on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Piper Sandler reiterated an "overweight" rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Mizuho increased their price target on MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, KeyCorp boosted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $361.00.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.